British Prime Minister Gordon Brown suffered a new blow on Thursday with a poll showing the opposition Conservatives 28 points ahead of Brown's Labour Party and on track to seize more than half of the vote. The Ipsos MORI poll showed how much Britain's deepening economic woes are hurting Brown, and could fuel a Labour
More
John McCain called for an end to the "casino culture on Wall Street" and Barack Obama demanded protection for ordinary citizens as financial markets stumbled again on news of a government bailout of a giant U.S. insurer. The financial turmoil, the worst since the Great Depression, kept the U.S. economy at the forefront of the
More
U.S. stocks plunged at the open and government debt rallied in a renewed bid for safety on Wednesday as investors worried the U.S. government's rescue of insurer American International Group wouldn't be enough to stem further financial market turmoil. The benchmark S&P 500 index shed more than 2% when U.S. equities opened though it pared
More
Oil rose on Wednesday after the U.S. government rescue of American International Group calmed global markets and on rising concerns about the impact of Hurricane Ike on offshore oil rigs in the Gulf of Mexico. U.S. crude traded up $2.22 at $93.37 a barrel at 1343 GMT, off a session high of $95.00, after turmoil
More
Apple's iPhone 3G has won a public vote to find the year's best gadget, beating strong competition from three games consoles, a budget laptop and a balloon-shaped iPod speaker system. The latest version of the mobile that combines a phone with a music and video player was chosen by readers of Stuff magazine in its
More
Shares of Wall Street firms Morgan Stanley and Goldman Sach plummented on Wednesday and the UK's biggest mortgage lender, HBOS Plc, looked set to be bought as signs of financial industry distress abounded. Tuesday's $85 billion rescue of insurer American International Group, did little to calm nerves on Wall Street and around the world. The
More
Analysts are still waiting for the official measure of British retail sales to reflect the gloom and doom prevalent for months in business surveys. Data from the Office for National Statistics showed sales volumes jumped 0.8 percent in July, confounding expectations of a decline. Poor weather and grim economic data means August may be payback
More
The 2009 state budget will focus on development projects, Government Spokesman Stephanos Stephanou has said. He added that the state budget, the first under the governance of President Demetris Christofias, will be “socially sensitive, balanced and focused on development”. The Council of Ministers convened Wednesday under President Christofias and approved the budget. Speaking to journalists
More
The Council of Ministers decided Wednesday to apply to the European Union in order to proceed with a national outlay, to support farmers who suffer from the consequences of the severe drought that has hit Cyprus. Speaking to the press after today’s Cabinet meeting, Government Spokesman Stephanos Stephanou said that the national outlay would reach
More
European Parliament (EP) President Hans-Gert Poettering launched EuroparlTV, the Parliament's own webTV channel. As from today anyone with Internet access will be able to watch a regularly changing set of programmes based around the life of the Parliament. The aim of EuroparlTV is to bring Parliament closer to European citizens in a modern and creative
More